Today we forecast that USO would test 29.15 and 28.87, USO made the low at 28.84 today. Our SPX forecast was that after penetrating the 10/10 price envelope that there would be an attempt at some point to move prices higher. Our support numbers for SPX today were 831 and 815, the low coming in at 818 and then the rally back up to the highs.
Tonights charts for 1/16 trading on SPX, ES, NAS, Gold and Oil are posted.
www.volumedynamics.com
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